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Virtus Diversified Income & Convertible Fund V.ACV.P


Primary Symbol: ACV

Virtus Diversified Income & Convertible Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of convertible securities, income-producing equity securities and income-producing debt and other instruments of varying maturities, of which at least 50% of total managed assets are invested in convertibles. The Fund has the latitude to write covered call options on the stocks held in the equity portion. The Fund's investment advisor is Virtus Investment Advisers, Inc., and its investment subadvisor is Voya Investment Management Co. LLC.


NYSE:ACV - Post by User

Virtus Diversified Income & Convertible Fund > Book value is 0.37 per share
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Comment by Jameskempon Jan 02, 2020 9:34am
91 Views
Post# 30510490

RE:RE:RE:RE:RE:RE:Book value is 0.37 per share

RE:RE:RE:RE:RE:RE:Book value is 0.37 per shareI was.. Also how can you say the price goes up after the PP?


The float is being doubled so right there that is a 50 percent price haircut from .10.

The market cap will not double once a major pp is done it will go to where it was before the PP which will be at .05

Sadly this is  a sh1t spot but what can they expect when they double the float and wait months pay a ton to consultants then do what they should have done months ago without a review.

There was no real interest in the brands at least not any where more then market price and why would that change. 

Cedar was a bad buy and will go under. so there is also that..
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